News Crypto Trading Software Developer CoinRoutes Saw Over $1 Billion...

Crypto Trading Software Developer CoinRoutes Saw Over $1 Billion Worth of Digital Assets in Order Flow on its Platform in 2019


- Advertisment -

Crypto Trading Software Developer CoinRoutes Saw Over $1 Billion Worth of Digital Assets in Order Flow on its Platform in 2019

New York-headquartered trading software developer CoinRoutes revealed on December 30 that the firm saw over $1 billion worth of crypto-assets in order flow on its platform during 2019.

CoinRoutes, which creates algorithmic trading software tools for digital assets, noted that it had handled over 21,000 different orders across more than 120 cryptocurrency pairs on behalf of its users since the beginning of last year. The trading platform, which offers the latest order routing technology for achieving the best-execution of digital currency trades, reportedly routed over 500,000 orders to 18 different digital asset markets in 2019.

Last year, CoinRoutes secured $3 million in capital. The company revealed that cryptocurrency brokerage firm Bitcoin Suisse had acquired a “sizeable minority” in its US-based division.

CoinRoutes’ algorithmic trading tools, which source digital currency prices from more than 40 different crypto exchanges, were the main reason for making the investment, Bitcoin Suisse’s management noted.

Niklas Nikolajsen, chairman at Bitcoin Suisse, joined CoinRoutes’ board of directors when the deal was finalized.

Nikolajsen said at that time:

“We have been absolutely satisfied with [CoinRoutes’] technology for the past year.”

CoinRoutes’ technology allows Bitcoin Suisse to perform trades at the “best prices across all major crypto asset exchanges.”

In November 2019, CoinRoutes teamed up with Caspian, a full-stack digital currency trading and portfolio management firm, in order to provide trading algorithms to the market.

The partnership will allow CoinRoutes’ customers to access Caspian’s suite of institutional-grade trading software, which includes OEMS, PMS, an option to engage in derivatives trading, and access to compliance reporting tools. Caspian users can take advantage of CoinRoutes’ trading algorithms directly and in a seamless manner.



Please enter your comment!
Please enter your name here

Latest news

Using Blockchain to Fight Climate Change, MOSS is changing the Narrative

The effects of global climate change are not undeniable. From glaciers shrinking to flooding, temperature rise, and...

DeFi Tokens Still Bullish with Triple-Digit Prospects Amidst the Bitcoin Rally

The Decentralized Finance (DeFi) market seems to have reclaimed its bullish status in the ongoing crypto market...

Bitcoin Security Lessons from The KuCoin Cryptocurrency Exchange Hack

It is a recent but not new happening that a hot wallet from a crypto agency has...

Facebook’s long-awaited Libra is Coming in January 2021

In a more limited form, the Libra Association's projects are being implemented. It will only launch a...
- Advertisement -

Polkadex Enhances the Cryptocurrency Trading Experience

The global economy has not entered the modern era as of yet. Luckily, there are tools to...

Ethereum Price Sees $500 for the First Time in Two-and-a-half Years

First launched in 2014, Ethereum or Ether is one of the oldest altcoins and probably the most...

Must read

- Advertisement -

Read Next
Recommended to you